3415 Stoneman Road

Dubuque, IA 52002

3415 Stoneman Road presents the opportunity to acquire a fully leased, multi-tenant retail investment in one of Dubuque's primary commercial corridors. Constructed in 2023, the approximately 12,000-square-foot multi-unit retail building is fully stabilized with five NNN tenants and generates approximately $251,000 in annual Net Operating Income. The tenant mix includes Pizza Hut, Burn Boot Camp, Milan Laser Hair Removal, Switch Homes, and Nekter Juice Bar, providing a diversified income stream from a combination of national corporate tenants, established franchise operators, and successful local businesses. Staggered lease expirations produce a 5.79-year weighted average lease term (WALT), while contractual rent escalations provide built-in revenue growth and the NNN lease structure minimizes landlord responsibilities. Located just off John F. Kennedy Road near U.S. Highway 20, the property benefits from excellent accessibility, strong surrounding retail activity, and visibility adjacent to Kennedy Mall. Continued investment in the corridor, including the recently announced 7 Brew Coffee development directly across the street, further reinforces the area's long-term retail strength. Offered at $3,490,000 (approx. 7.2% cap rate), the property is well suited for 1031 exchange buyers, private equity groups, and investors seeking stabilized cash flow, newer construction, limited capital expenditure requirements, and long-term income growth.